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Packaged foods company $CAG said it has appointed Johan Nystedt as VP, Treasurer and IR Officer effective April 11, 2016. Mr. Nystedt will replace Scott Messel and Chris Klinefelter who are leaving to pursue other interests and he will report to CFO, John Gehring. Mr. Nystedt joins $CAG from Levi Strauss and he has also worked at Kraft Foods Inc.
Apple ($AAPL) reported decline in sales and profits from comparable quarter last year, attributing the decline to announcement of iPhone 7/7s. Sales and profit are being guided higher for next quarter. Apple is a solid company and will continue to dominate tech and consumer electronics segment for a while. Personally, looks like there is little downside in this investment.
Waiting with fingers crossed for $AAPL’s fourth quarter earnings.
Looking ahead to $AAPL earnings release later in the afternoon today? Gene Munster, analyst from Piper Jaffrey and the most respected authority for Apple, had this to say - "The second and slightly larger group of investors believe the tail of the iPhone 7 is irrelevant, and is betting that the iPhone 10th Anniversary will yield a jump in growth from flat to up ~15%."